$700K+ pa avg profit to part-time owner.
Business ID: XB151480
Part of a major buying group, this business has direct access to all of the leading brands of sporting equipment, footwear and apparel.
Located in a major shopping centre in coastal central Qld, this business offers outstanding income, short working hours and a great lifestyle for the buyer.
That person may want to work full-time in the business (and make even more income), work very part-time (as the current owner does), or have the store run under the watch of the current manager and the experienced staff.
The business is well known for the range of products it carries and the stock availability which is a significant point of difference for the business.
A lower stockholding could be held but it would result in more staff time being spent on reorders.
- Experience in place to run Under Management
- Significant income to owner
- Great buying power
- Significant range of quality products
- Strong Gross and Net Profits
- 1100 sqm premises with low rent and NO outgoings
- Prime shopping centre location
- Lease (& option) prevents direct competition in centre
- Experienced staff in place
- Outstanding location undergoing significant expansion
- Fantastic opportunity for great income & lifestyle
The vendor will provide a handover to suit the needs of the buyer.
This business is suitable for a number of buyer types, including owner-operators or investors. It would be a brilliant addition for an experienced retailer of sporting goods, or an owner/operator of another brand of store. Rebranding of this store could easily be undertaken
Asking Price: The Goodwill and Assets of the business are for sale for $1,500,000. This equates to a multiple of around 2.5 x EBITDA. Stock will be charged separately at the cost price. Typical stock levels range between $1M $1.3M
Property Code: 4107
